Litentry (LIT) is a token of a decentralized protocol for the aggregation of identification data in several networks and consists of a mechanism for indexing decentralized data (DID) and a computer network for lending Substrat. The token in the network performs the functions of supporting the network, rewarding for the placement of identification data, for management.

Litentry news today, LIT crypto latest news of token ticker

Litentry

Telegram

Understanding the relationship between Self Sovereign Identity and Decentralized Identity🥷

- Self Sovereign Identity (SSI) is a framework for managing digital identities that emphasizes complete user data control & privacy by the sovereign individual. Which means users control their own identity data & can choose to share it with others when, what, and how they want 🧑‍💻. 


- Decentralized identity, as we see it at Litentry, is a pseudonymous identity paradigm based on decentralized open web data, such as blockchain ledgers, and controlled by cryptographic key-pairs. We use SSI framework on top of this data to enable maximum data control & privacy🔑. 

- Decentralized identities are ideal for SSI because users of blockchain & crypto are familiar with key-pairs. It uses trusted parties verified by cryptography to securely share info, giving individuals control over their data & access. Thus essential for self-sovereign identity🛡️

Understanding the relationship between Self Sovereign Identity and Decentralized Identity.